Sea Limited posts unexpected net loss of $144M in third quarter despite revenue rises

Singapore-based tech conglomerate Sea Limited has posted a total net loss of $144 million in the third quarter, as compared to total net loss of $569.3 million for the third…

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Unlocking the industrial metaverse: A blueprint for success

Most #metaverse conversations are predominantly consumer-focused and for a good reason. There has been significant buzz around brands and celebrities hosting experiences such as…

Singapore cryptocurrency exchange firm Crypto.com gets Dubai license

Singapore cryptocurrency exchange firm Crypto.com announced Tuesday that its Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets Service Provider (VASP)…

Grab Holdings President Ming Maa to step down April-end next year

Southeast Asia's superapp Grab Holdings announced Tuesday that its President Ming Maa has decided to step down from the company at the end of April 2024. In the interim until…

Singapore’s Augmentus raises $5M in Series A funding led by Sierra Ventures

Augmentus, a Singapore-based firm in no-code robotics software, has successfully raised $5 million in Series-A funding. The round was led by Sierra Ventures, along with Cocoon…

Malaysia’s Iskandar Investment Berhad launches Net Zero Carbon Central Business District

Malaysia-based Iskandar Investment Berhad (IIB) has cemented its commitment to environmental, social, and corporate governance (ESG) initiatives with the launch of Net Zero Carbon…

Taiwan’s Profet AI launches enterprise AI lifecycle management platform for AI governance

Profet AI, a Taiwan-based enterprise artificial intelligence (AI) application provider for the manufacturing industry, has announced the official launch of AI Lifecycle Management…

Philippine Hive Health acquires HMO service provider Health Plan Philippines, Inc.

Hive Health, a Philippine-based digital health insurance startup, has acquired Health Plan Philippines, Inc. (HPPI), one of the Health Maintenance Organization (HMO) service…

MAS, Temasek Trust collaborate to accelerate growth of FinTech and impact ecosystem

Monetary Authority of Singapore (MAS) and Temasek Trust have collaborated to accelerate growth of FinTech and impact ecosystem. Temasek Trust has signed a letter of intent (LOI)…

Malaysia’s Yinson GreenTech completes construction of the Hydroglyder prototype

Malaysia-based energy firm Yinson Holdings Berhad (Yinson)'s green technologies business unit Yinson GreenTech (YGT), through its marinEV brand, has completed the construction of…

Singapore’s Wind.App raises $3.8M funding from Global Founders Capital, Spartan Group

Singapore fintech firm Wind.App has announced a successful $3.8 million pre-seed funding round. The round was co-led by Global Founders Capital and Spartan Group, and saw…

Chiliz welcomes Animoca Brands to its SportFi ecosystem

Malta-based blockchain firm Chiliz announced on Monday that Hong Kong-based gaming firm Animoca Brands has joined its blockchain network as a validator and leading participant,…

Malaysia’s SME Corp allocates $1.27M to Bumiputera youth entrepreneurs

SME Corporation Malaysia (SME Corp. Malaysia), an agency under the Ministry of Entrepreneur and Cooperatives Development (MECD) and Funding Societies, an unified SME digital…